(HBO) – Hoa Binh province has invested much in industrial parks and clusters in recent years to attract more domestic and foreign investment. It is an important orientation in the province’s economic development strategy. Thanks to such effort, its industrial production reached more than 27.5 trillion VND (1.21 billion USD) last year, up 17.22 percent from the same period last year and 2.5 percent higher than the yearly target.
In the Da River Left-Bank Industrial Park,
more than 650 workers of the R Vietnam Technical Research Co., Ltd were still
busy making lens for export orders on the threshold of the New Year. Last year,
the company produced about 11 million product items and its export turnover reached
nearly 14.5 million USD, a year-on-year increase of 30 percent, despite
difficulties from fluctuations in the global economy.
Aside from the strong growth in export, the
firm has provided jobs for hundreds of locals and given them stable incomes
which averaged 6.5 million VND per person per month, said Nguyen Long, a
manager of the company.
Workers of the R Vietnam Technical Research
Co., Ltd in the Da River Left-Bank Industrial Park are making lens for export.
According the local authority’s report, the
province’s industrial production hit over 27.5 trillion VND in 2017, up 17.22
percent against the same period of the previous year. Its industrial production
index rose by 9.7 percent from 2016. Local industrial and handicraft firms remained
stable production with continued growth of key products, said the province’s
Department of Industry and Trade.
Some major products enjoyed strong growth like commercial electricity (8.01
percent), garment and textile (55.17 percent), brick (26.32 percent), cement
(22.45 percent), electronic products (26 percent), structural steel (18.92
percent), medium-density fibreboard (37.12 percent).
Also, export revenue experienced sound expansion thanks to local efforts to
diversify export markets while maintaining traditional ones like the US, the
EU, Russia, ASEAN, Japan, China and the Republic of Korea.
The province exported 505 million USD worth of products in 2017, a year-on-year
surge of 36.19 percent and 8.6 percent higher than the set plan. Meanwhile, it
spent more than 413.8 million USD on imports, up 28.8 percent from the previous
year and surpassing the set target by 5.57 percent.
A slew of measures have been deployed to effectively carry out the industrial
development project during 2016-2020 with vision towards 2030 to set up
large-scale production areas.
In July 2017, the provincial People’s Committee issued Plan No.91 on
implementing the industrial development project in 2016-2020 with vision
towards 2025. Accordingly, the province eyes an average growth of 10.5 percent
in added value of the industrial sector and a 15 percent growth in industrial
production value. Meanwhile, it expects that industry and construction will
make up 57.8 percent of its economy.
Infrastructure is key to develop local industry. The province will focus
investment on completing infrastructure in five industrial parks: Luong Son, Da
River Left-Bank, Mong Hoa, Lac Thinh and Yen Quang.
It will invest in developing basic infrastructure in six industrial clusters:
Chieng Chau, Khoang U, Phu Thanh II, Hoa Son, Dong Tam and Dong Lai-Thanh
Hoi./.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
